From MF Global, The Gang That Couldn’t Shoot Straight<br /><br />MF Global … Just when you thought it couldn’t get any worse, it does! Now it’s $1.2 billion that’s missing, not $600 million, which was bad enough.<br /><br />This is not today’s market update video, but it shows just how the current administration thinks. I don’t care if you are a republican or a democrat, with great minds like this handling government money, what could go wrong?<br /><br />SUPERCOMMITTE = SUPER BUST. Politicians seem to be doing what they do best: delay, delay, delay and get nothing done. Meanwhile the economy sputters, uncertainty reigns, and millions of Americans are out of work.<br /><br />This is an amazing time in history, as it gives the United States of America an opportunity to reinvent itself and get back to basics. This must be done with strong leadership if we want this country to work again and compete with China in the future.<br /><br />So, what is driving the markets? It is the world political malaise and the fact that the political elite have not accepted the reality that the world is going through a major “RESET”.<br /><br />As we say almost every day, the markets speak the truth and eventually they will make the changes that are needed.
